Pass-Through of Imported Input Prices to Domestic Producer Prices.

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Bibliographic Details
Author / Creator:	Ahn, JaeBin.
Imprint:	International Monetary Fund, 2016.
Description:	1 online resource
Language:	English
Subject:	Imports -- Prices -- Korea (South) -- Econometric models. Consumer goods -- Prices -- Korea (South) -- Econometric models. Inflation (Finance) -- Korea (South) -- Econometric models. Exchange rate pass-through -- Korea (South) -- Econometric models. Imports -- Prices -- Econometric models. Inflation (Finance) -- Econometric models. Korea (South)
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12540628

Hidden Bibliographic Details
ISBN:	1498332056 1498332048 9781498332040 9781498332057 1498331947
Notes:	Print version record.
Summary:	Motivated by stylized facts pointing to a dominant role of imported inputs in transmittingexternal price shocks to domestic prices, this paper zooms in to study the pass-through ofimported input costs to domestic producer prices. Our approach constructs effective inputprice indices from sector-level price data combined with sector-level information oninput-output linkages. Applying an error correction model specification to sector-leveloutput and input prices, the long-run pass-through rate of effective imported input costs todomestic producer prices is estimated to be around 70 percent in Kor.
Other form:	Print version: 1475522282

Table of Contents:

Cover; Contents; I. Introduction; II. Econometric Framework; A. Baseline Model; B. Empirical Strategy; III. Data and Empirical Results; A. Data; B. Estimation Results; C. Selected Eurozone Countries; IV. Conclusion; Figures; 1. Imports of Goods by End-Use Category; 2. Import Price Index in Korea; 3. Imported Inputs Use in Korean Manufacturing; 4. Import Price and Producer Price Index in Korea; 5. Inflation Dynamics in Korea; Tables; 1. Unit Root Tests for Korean Sector-level Price Series; 2. Baseline Error Correction Model (ECM) Estimation Results for Korea.
3. Extended Error Correction Model (ECM) Estimation Results for Korea (I)4. Extended Error Correction Model (ECM) Estimation Results for Korea (II); 5. Baseline Error Correction Model (ECM) Estimation Results for Selected European Countries; 6. Extended Error Correction Model (ECM) Estimation Results for Selected European Countries; References.

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